bill clinton troyed the approach i am talking about. we created 23 million newions, we went from deficit to surplus and businesses did very well. so in some ways, we have some data on which approach is more like lie to create jobs and opportunity for americans. and i believe that the economy works best when middle-class families are getting tax breaks so they have money in their pockets and those of us who have done extraordinarily well because of this magnificent country that we live in, that we can afford to do a little bit more thotomake sure we are want blowing up the deficit. >> reporter: the president began , -- >> i think i get the last word. let me make this comment -- [overlapping dialogue] >> jim: let -- >> i am not in favor of a $5 trillion tax cut. that's not my plan. my plan is not to put into place any tax cut that increases the deficit. you may keep referring to it as a $5 trillion tax cut. but that's not my plan. let's look at history. my plan is not like anything that has been tried before. my plan is to bring down rate